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世联翻译公司完成金融类“行业补充信息”英文翻译
发布时间:2019-07-22 08:55 点击:
世联翻译公司完成金融类“行业补充信息”英文翻译
Supplemental Information
Fidelity National Financial, Inc., Beijing Representative Office
I. Background
Fidelity (NYSE: FNF), currently ranked number 523 on Fortune’s list of America’s largest companies, is the world’s leading provider of title insurance, and also provides specialty insurance and claims management services. With total assets in excess of US$8 billion, annual revenue in excess of US$4 billion, and total net worth of about US$3 billion, Fidelity is the strongest and largest title insurer in the U.S. and globally.
II. FNF Companies
The company is mainly comprised of: Fidelity National Title Group, Inc. and the Specialty Property and Casualty Insurance Group. Sedgwick CMS and Ceridian are minority-owned subsidiaries of FNF.
Fidelity National Title Group (FNTG) is the largest group of title insurance companies in the U.S and in the world. This segment of operations provides core title insurance and escrow and other title-related services including collection and trust activities, trustee’s sales guarantees, recordings and reconveyances.
On December 22, 2008, FNTG completed its most recent acquisition of two principal title insurance underwriters, Commonwealth Land Title Insurance Company (“Commonwealth”) and Lawyers Title Insurance Corporation. It was the Commonwealth predecessor that issued the first title insurance policy in 1876. Chicago Title and Trust Company, another Fidelity subsidiary, traces its roots to 1847 through the successors of several firms and corporations engaged in the abstract and title business in Cook County, Illinois.
FNTG’s largest title insurance underwriter, Chicago Title Insurance Company (“Chicago Title”), was incorporated under the laws of the State of Missouri and commenced business in August, 1961. It has continued to write title insurance uninterrupted since that date. Effective October 1, 2008, Chicago Title redomesticated from Missouri to the State of Nebraska. It is licensed to write title insurance in 49 states (all but Iowa), the District of Columbia, the Bahamas, Guam, Puerto Rico, U.S. Virgin Islands and Canada.
Today the FNTG title insurance underwriters include: Fidelity National Title Insurance Company, Chicago Title, Ticor Title Insurance Company, Commonwealth, Lawyers Title Insurance Corporation, Security Union Title Insurance Company and Alamo Title Insurance. In Mexico, title insurance is provided through another Fidelity subsidiary: Fidelity National Title de Mexico, S.A. de C.V. Together, the FNTG family underwrites residential and commercial title insurance policies throughout the United States and a number of foreign countries.
Specialty Insurance Group provides of a broad range of personal insurance products, including homeowners, flood, automobile and umbrella insurance and home warranty coverage. The companies in this group include Fidelity National Property and Casualty Insurance Company, Fidelity National Indemnity Insurance Company, Fidelity National Insurance Company and Fidelity National Home Warranty Company.
Sedgwick CMS is the leading North American provider of claims and productivity management solutions. Sedgwick CMS and its affiliated companies deliver cost-effective claims administration, managed care, program management, risk consulting and related services to clients through the expertise of 6,000 colleagues in more than a hundred offices in the U.S. and Canada. The company specializes in workers’ compensation; disability, FMLA and other employee absence; and general, automobile and professional liability claims services. Sedgwick CMS and its affiliates design and implement customized programs based on proven practices that meet client needs.
Ceridian Corporation, a minority-owned subsidiary of FNF, is a leading information services company in the human resources, retail and transportation markets.
Financial Performance
Fidelity National Financial earned revenues of US$4.3 billion in 2008, and is the largest company in the industry by volume and reserves. As of June 30, 2009, FNF’s investment portfolio was US$4.866 million and Reserve for Claims losses was US$3.737. In 2008, it was the only profitable group of title insurance companies in the industry in unprecedentedly difficult real estate market conditions.广州市翻译公司
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